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For Disney CEO Bob Iger, Fox deal is about way forward for TV

When information broke final month that Walt Disney Co. was in talks to purchase a big a part of 21st Century Fox Inc., the primary query many buyers had was: Why are the Murdochs promoting? Then got here the second: Why is Disney shopping for?

The $50 billion deal, which may very well be introduced this week, would mark a big turning level within the empire-building profession of Fox’s founder and government chairman, 86-year-old Rupert Murdoch. It could even be a defining second for Disney and Chief Govt Officer Robert Iger.

Iger has constructed a fame over the previous 12 years for making daring bets, together with the $7.four billion he paid for Pixar animation simply months after he turned CEO.